Sustainability Reporting Assurance in Parbaini for Textile and Textile Products

Sustainability is practice of meeting current needs without compromising needs of the future generations and it is restorative of natural and other assets.

Sustainability Reporting is the practice of measuring and publicly disclosing an organization’s key social, economic and environmental performance, and being accountable to internal and external stakeholders. It is a public report on non-financial performance of the company.

Today every growing organization, public or private, government agency, an academic institution or NGOs, are choosing to report on Sustainability or Corporate Social Responsibility (CSR).

Sustainability Reporting

or the

CSR

is an increasingly vital factor in presenting social, environmental and economic credentials to the wider community. This helps to establish how reporting organization adhering to ‘triple bottom line’ of environmental, social and economic performance.

The growing demand for credible non-financial information - Sustainability Reporting, is receiving attention by analysts, investors, consumers, business partners, community and even employees.

Sustainability Reporting Assurance

Businesses, due to the increased attention from Stakeholders, are required to be concerned about the accuracy and integrity of sustainability information and data which is reported to stakeholders or used for strategic decision making – hence the assurance of sustainability reporting is necessitated.

A credible Sustainability Reporting is one of the most powerful means for companies that follow sustainability protocols to win the sceptical stakeholders.

Sustainability Report Assurance Process

Defining scope of work with client
Scope of work is defined and agreed with the client and contract is signedOverall Planning and logistics
Based on scope of work agreed, a detailed verification plan is prepared and team is selected. The sites to be visited are agreed upon and site visit is scheduledPerforming assurance (Head office and site office visit)
Actual verification is carried out and interviews are held with key management representatives, data flows are checked and documents reviewedAssurance Statement and Verification report
Assurance statement and verification report is prepared and it is subjected to internal quality review and finalized after clients comments.
sm

Benefits of Sustainability Report Assurance:-

Sustainability Report Assurance:-

Adds credibility to the reported information on sustainability

Ensures that all economic, environmental and social information is accurate and correct.

Demonstrates commitment to corporate responsibility

Ensures transparency and validity of information made publicly

Improvement of Internal reporting processes which will strengthen future reports

URS Global Group offers various services Worldwide, many of the services hold accreditations where applicable. Each accreditation follows a uniform management system which is operated by a separate legal entity within the group. For status of individual scheme and accreditation, please contact URS at info@ursindia.com or the website of the accreditation body.